For Sale: Saint Paul MLS# 6696025
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Property Description
Fully occupied 6-plex on the Eastside with (5) 2-bed & (1) 1-bed units, plus a garage and large lot. Great investment opportunity already producing positive cashflow, with value-add opportunities including adding additional unit(s). This property is a part of the 4D program with the city. Owner pays for gas, water and trash. Tenants currently pay all utilities through a charge-back fee.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$599,000
Property Type:
Commercial
City:
Saint Paul
Garage Spaces:
2
County:
Ramsey
Year Built:
1882
State:
MN
Property Style:
Other
Zip Code:
55130
Neighborhood/Area:
Payne-Phalen
Subdivision Name:
Edmund Rices First Add Lot 17 Blk 08
Exterior
Garage Spaces:
2
Other Parking Spaces:
10
Air Conditioning:
Window Unit(s)
Foundation Size:
1,895 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Detached
- Gravel
- Shared Driveway
Shared Amenities:
Deck
Unit Amenities:
- Balcony
- Porch
Road Frontage:
City Street
Exterior Material:
- Vinyl Siding
- Wood Siding
Roof Details:
Age Over 8 Years
Lot & Land
Acres:
0.15
Geolocation:
44.969847, -93.081568
Inclusions:
Building, Land, Leases
Lot Dimensions:
51 x 132 x 50 x 132
Zoning:
Residential-Multi-Family
Schools
School District:
625
District Phone:
651-767-8100
Expenses
Annual Gross Expense:
$56,066
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$10,849
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$11,610
Income
Annual Gross Income:
$75,616
Rent
Annual Net Income:
$19,550
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Stepping Stone Brokers LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.